Question
General Motors issued 1 year note in the Euro-bond market that matures in 1 year. The bond has a par value of $100 and it
General Motors issued 1 year note in the Euro-bond market that matures in 1 year. The bond has a par value of $100 and it will pay a 5.5% coupon.
What is the investor's exposure to loss in the event of a bankruptcy?
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1 Priority of Payments Bondholders typically have a higher priority for repayment compared to equity ...
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Fixed Income Analysis
Authors: Barbara S. Petitt
5th Edition
1119850541, 978-1119850540
